The Malaysia Aerospace Industry Summit 2017 (MyAERO’17)

On 15 August 2017, the National Aerospace Industry Coordinating Office (NAICO) under the Ministry of International Trade and Industry (MITI) in collaboration with various organisations including SME Corp Malaysia, MATRADE, MIDA, MARA, Aerospace Malaysia Innovation Centre (AMIC) and Malaysia Aerospace Industry Association (MAIA) organised Malaysia Aerospace Summit 2017 (MyAERO’17) at MITI Tower. MyAERO’17 aims to promote the local aerospace capabilities in producing world class aerospace products and to bring together the aerospace ecosystem in Malaysia.

This is the first Aerospace Summit organised by MITI. As the Government views the aerospace industry as a critical sector which offers abundant opportunities for the transfer of advanced technologies in engineering, electronics, composite materials, system integration, MRO and industry-led Research & Technology. This is also in line with the Malaysian Aerospace Industry Blueprint 2030 which has set a target for Malaysia to become the leading aerospace nation in South East Asia by 2030.

In 2016, the export value for aircraft parts and component was recorded at RM5.53 billion which include among others wing parts, fan cowl, engine parts and avionics. In terms of investment MIDA is targeting to seal a number of new investments valued at about RM1 billion that would be generating approximately 800 new employment opportunities. These investments will also include projects with Industry 4.0 elements that will further boost the aerospace technological capability in Malaysia. To date, the industry employs more than 21,000 people and is expected to provide 32,000 employments by 2030.

Through MyAERO’17, MITI has successfully highlighted that Malaysia is well equipped to become a leading aerospace nation in South East Asia by the year 2030. NAICO as the main coordinating body for aerospace industry development will continue to promote the Malaysian aerospace industry globally and to further develop local supply chain comprising both international and local industry players together with relevant agencies namely MIDA, MATRADE, SME Corp Malaysia and MARA.